Mark Cornacchio

Advise the CEO, President and Executive Leadership Team on best practices and emerging opportunities in the industry.

Provide expert insight on strategic direction, governance practices, and industry trends.

Represent credit union in discussions with industry associations, regulatory authorities and strategic partners.

Interpret economic, regulatory, and market trends to provide actionable insights to leadership.

• Hired and managed over 40 employees to maximize productivity while training staff on best practices and protocols.
• Increased assets from 27 million to over 112 million while increasing net worth from 1 million to over 12 million.
• Managed crisis situations effectively while minimizing disruption during several economic cycles over the past 3 decades.
• Enhanced company performance by implementing strategic plans working with the Board of Directors to attain objectives.
• Managed relationships with strategic vendors including FISERV, FHLB, Truestage and various other partners.
• Managed relationship with regulatory agencies and independent accounting firms producing desired and favorable ratings.
• Successfully merged credit unions into First Bristol and eventually found a strategic partner to merge our credit union to enhance member value and add services while maintaining office locations and retention of all staff.

• Oversaw budgets, payroll, and accounts payable and receivable.
• Reduced operational costs by identifying areas for improvement and implementing cost-saving measures across various departments.
• Prepared accurate financial statements at end of quarter to summarize financial health and credit union performance.
• Conducted detailed analysis of company financial information and oversaw preparation of related reports.